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Nasdaq, Inc.

NDAQ
Exchange
Nasdaq
Industry
Security & Commodity Brokers, Dealers, Exchanges & Services
SEC CIK
0001120193

In the last 90 days, Nasdaq, Inc. insiders filed 0 open-market purchases and 9 sales; 1,091 institutions reported holding it in 13F filings for Q2 2026, worth $37.2B in total; Harris Associates (Oakmark) is the only superinvestor holding it.

13F holders, Q2 2025

Institutional positions in Nasdaq, Inc. as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
1,022
+97 vs. Q1 2025
Shares held
478.9M
−6.79M (−1.4%) vs. Q1 2025
Total value
$42.8B
+$5.98B (+16.2%) vs. Q1 2025
New holders
169
414 more added
Sold out
72
305 more reduced

10 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NDAQ on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 1,022 institutions
Q1 2021: 593 institutionsQ2 2021: 602 institutionsQ3 2021: 617 institutionsQ4 2021: 716 institutionsQ1 2022: 680 institutionsQ2 2022: 646 institutionsQ3 2022: 683 institutionsQ4 2022: 718 institutionsQ1 2023: 690 institutionsQ2 2023: 697 institutionsQ3 2023: 701 institutionsQ4 2023: 727 institutionsQ1 2024: 766 institutionsQ2 2024: 759 institutionsQ3 2024: 844 institutionsQ4 2024: 908 institutionsQ1 2025: 935 institutionsQ2 2025: 1,022 institutionsQ3 2025: 1,047 institutionsQ4 2025: 1,104 institutionsQ1 2026: 1,100 institutionsQ2 2026: 1,091 institutions
Value heldQ2 2025: $42.8B
Q1 2021: $18.0BQ2 2021: $21.3BQ3 2021: $23.5BQ4 2021: $26.0BQ1 2022: $21.6BQ2 2022: $18.4BQ3 2022: $20.6BQ4 2022: $22.4BQ1 2023: $19.8BQ2 2023: $18.0BQ3 2023: $17.4BQ4 2023: $25.3BQ1 2024: $30.3BQ2 2024: $28.8BQ3 2024: $34.9BQ4 2024: $37.0BQ1 2025: $36.9BQ2 2025: $42.8BQ3 2025: $42.0BQ4 2025: $46.7BQ1 2026: $39.7BQ2 2026: $37.2B
Institutions holding NDAQ and their total value by quarter
QuarterHoldersValue
Q2 20261,091$37.2B
Q1 20261,100$39.7B
Q4 20251,104$46.7B
Q3 20251,047$42.0B
Q2 20251,022$42.8B
Q1 2025935$36.9B
Q4 2024908$37.0B
Q3 2024844$34.9B
Q2 2024759$28.8B
Q1 2024766$30.3B
Q4 2023727$25.3B
Q3 2023701$17.4B
Q2 2023697$18.0B
Q1 2023690$19.8B
Q4 2022718$22.4B
Q3 2022683$20.6B
Q2 2022646$18.4B
Q1 2022680$21.6B
Q4 2021716$26.0B
Q3 2021617$23.5B
Q2 2021602$21.3B
Q1 2021593$18.0B

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Nasdaq, Inc.; share changes are against Q1 2025.

Institutions holding NDAQ in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Amundi3,535,689$316.5M0.11%+1,264,975+55.7%Added
Northern Trust Corp4,082,066$365.0M0.05%+17,515+0.4%Added
Farallon Capital Management, L.L.C.4,083,743$365.2M1.67%−376,545−8.4%Reduced
UBS Group AG4,376,574$391.4M0.08%−370,922−7.8%Reduced
Invesco Ltd.4,511,746$403.4M0.07%−982,525−17.9%Reduced
Norges Bank4,549,575$406.8M0.05%−207,421−4.4%Reduced
UBS Asset Management Americas Inc4,588,239$410.3M0.08%+607,109+15.2%Added
Morgan Stanley5,400,726$482.9M0.03%−252,042−4.5%Reduced
Goldman Sachs Group Inc5,669,535$507.0M0.08%+287,288+5.3%Added
Ameriprise Financial Inc5,898,752$529.6M0.13%−18,464−0.3%Reduced
Manufacturers Life Insurance Company, The6,107,057$546.1M0.49%−505,394−7.6%Reduced
Bank of America Corp7,072,968$632.5M0.05%−121,682−1.7%Reduced
Jane Street Group, LLC7,205,132$644.3M1.04%+7,205,132New
Harris Associates L PSuperinvestorHarris Associates (Oakmark)7,771,730$694.9M1.13%−921,739−10.6%Reduced
Franklin Resources Inc10,739,907$960.4M0.25%−574,261−5.1%Reduced
Geode Capital Management, LLC11,456,699$1.02B0.07%+89,391+0.8%Added
State Street Corp18,214,844$1.63B0.06%−116,038−0.6%Reduced
Massachusetts Financial Services Co27,274,620$2.44B0.77%+6,840,735+33.5%Added
BlackRock, Inc.37,081,408$3.32B0.06%+866,595+2.4%Added
Wellington Management Group LLP41,237,125$3.69B0.67%+8,507,606+26.0%Added
Vanguard Group Inc55,800,000$4.99B0.08%+2,820,339+5.3%Added
Investor AB58,182,426$5.20B99.54%00.0%Unchanged
Intact Investment Management Inc.0$00.00%−1,000−100.0%Sold out
Thoma Bravo, L.P.0$00.00%−42,804,207−100.0%Sold out
GQG Partners LLC0$00.00%−660,595−100.0%Sold out
Soros Fund Management LLCSuperinvestorSoros Fund Management0$00.00%−625,634−100.0%Sold out
Alta Park Capital, LP0$00.00%−345,449−100.0%Sold out
Point72 Asset Management, L.P.0$00.00%−161,533−100.0%Sold out
Winslow Capital Management, LLC0$00.00%−157,110−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−144,182−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−100,570−100.0%Sold out
Capital International Inc0$00.00%−62,936−100.0%Sold out
Jump Financial, LLC0$00.00%−43,408−100.0%Sold out
Magnetar Financial LLC0$00.00%−40,665−100.0%Sold out
Point72 Hong Kong Ltd0$00.00%−39,705−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−33,619−100.0%Sold out
TriaGen Wealth Management LLC0$00.00%−25,627−100.0%Sold out
DRW Securities, LLC0$00.00%−18,917−100.0%Sold out
USA Financial Portformulas Corp0$00.00%−17,842−100.0%Sold out
Vista Investment Partners LLC0$00.00%−17,090−100.0%Sold out
Y-Intercept (Hong Kong) Ltd0$00.00%−16,161−100.0%Sold out
AXS Investments LLC0$00.00%−15,965−100.0%Sold out
Sone Capital Management, LLC0$00.00%−14,202−100.0%Sold out
Twin Tree Management, LP0$00.00%−12,707−100.0%Sold out
Board of the Pension Protection Fund0$00.00%−12,600−100.0%Sold out
Waratah Capital Advisors Ltd.0$00.00%−11,700−100.0%Sold out
XTX Topco Ltd0$00.00%−10,563−100.0%Sold out
Petrus Trust Company, LTA0$00.00%−9,138−100.0%Sold out
Allstate Corp0$00.00%−9,131−100.0%Sold out
FORA Capital, LLC0$00.00%−8,754−100.0%Sold out
United Services Automobile Association0$00.00%−8,275−100.0%Sold out
Grantham, Mayo, Van Otterloo & Co. LLC0$00.00%−7,487−100.0%Sold out
WSFS Capital Management, LLC0$00.00%−7,144−100.0%Sold out
Stevens Capital Management LP0$00.00%−6,514−100.0%Sold out
Fairtree Asset Management (Pty) Ltd0$00.00%−6,300−100.0%Sold out
Quantitative Investment Management, LLC0$00.00%−6,004−100.0%Sold out
Landscape Capital Management, L.L.C.0$00.00%−5,926−100.0%Sold out
MQS Management LLC0$00.00%−5,301−100.0%Sold out
Sciencast Management LP0$00.00%−4,268−100.0%Sold out
Stonehage Fleming Financial Services Holdings Ltd0$00.00%−4,000−100.0%Sold out
Legacy Advisors, LLC0$00.00%−3,967−100.0%Sold out
Arrowpoint Investment Partners (Singapore) Pte. Ltd.0$00.00%−3,600−100.0%Sold out
L & S Advisors Inc0$00.00%–Sold out
Custom Index Systems, LLC0$00.00%−2,820−100.0%Sold out
PGGM Investments0$00.00%−1,932−100.0%Sold out
Aster Capital Management (DIFC) Ltd0$00.00%−1,749−100.0%Sold out
Quent Capital, LLC0$00.00%−1,720−100.0%Sold out
Marshall Investment Management, LLC0$00.00%−972−100.0%Sold out
Wayfinding Financial, LLC0$00.00%−742−100.0%Sold out
Wiser Advisor Group LLC0$00.00%−646−100.0%Sold out
Capital A Wealth Management, LLC0$00.00%−587−100.0%Sold out
Founders Capital Management0$00.00%−350−100.0%Sold out
Truvestments Capital LLC0$00.00%−325−100.0%Sold out
Compass Wealth Management LLC0$00.00%−315−100.0%Sold out
Flaharty Asset Management, LLC0$00.00%−305−100.0%Sold out
eCIO, Inc.0$00.00%−20,000−100.0%Sold out
Barnes Dennig Private Wealth Management LLC0$00.00%−240−100.0%Sold out
Hexagon Capital Partners LLC0$00.00%−218−100.0%Sold out
West Paces Advisors Inc.0$00.00%−180−100.0%Sold out
Saudi Central Bank0$00.00%−170−100.0%Sold out
Carolinas Wealth Consulting LLC0$00.00%−125−100.0%Sold out
Laurel Wealth Advisors LLC0$00.00%−76−100.0%Sold out
St Germain D J Co Inc0$00.00%−57−100.0%Sold out
Godsey & Gibb Associates0$00.00%−54−100.0%Sold out
Northwest Capital Management Inc0$00.00%−50−100.0%Sold out
Synergy Investment Management, LLC0$00.00%−38−100.0%Sold out
WealthCollab, LLC0$00.00%−37−100.0%Sold out
POM Investment Strategies, LLC0$00.00%−24−100.0%Sold out
Continuum Advisory, LLC0$00.00%−23−100.0%Sold out
GoalVest Advisory LLC0$00.00%−9−100.0%Sold out
Olistico Wealth, LLC0$00.00%−9−100.0%Sold out
Winnow Wealth LLC0$00.00%−9−100.0%Sold out
Perkins Coie Trust Co0$00.00%−6−100.0%Sold out
Chesapeake Asset Management LLC0$00.00%−5−100.0%Sold out
Credit Agricole S A––––Not filed
Glenmede Trust Co NA––––Not filed
Orion Portfolio Solutions, LLC––––Not filed
Rakuten Investment Management, Inc.––––Not filed
Mizuho Securities USA LLC––––Not filed
Sabal Trust CO––––Not filed